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Oil retreats from above $100, still set for weekly rise on Middle East escalation
Oil futures fell over 3% on Friday, July 24, but were still on track for hefty weekly gains due to worsening disruption to energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran. Brent futures fell to $97.10 a barrel, while WTI futures were down at $89.05 a barrel.
Reuters · Jul 24, 2026
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EU Carbon Permits fall slightly but remain elevated amid ETS reform discussions
EU Carbon Permits fell to 83.29 EUR on July 24, 2026, down 0.70% from the previous day. The market assessed the European Commission's proposed reforms to the EU Emissions Trading System, which aims to balance climate ambition with industrial competitiveness.
Trading Economics · Jul 24, 2026
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Euro weakens against Dollar as higher energy prices support US currency
The EUR/USD exchange rate fell to 1.1367 on July 24, 2026, extending its retreat from mid-July peaks. Elevated energy prices continued to favor the U.S. Dollar, with investors assessing the ECB's policy outlook and fresh PMI data, alongside Middle East risks.
Trading Economics / ING · Jul 24, 2026
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VLCC newbuilding orders surge tenfold toward record-breaking year
VLCC newbuilding orders are on course for a landmark year, with shipowners placing 183 orders in the first half of 2026 compared to just 18 in the same period last year. This surge reflects growing investor confidence, rising asset values, and tightening vessel supply in the tanker sector.
Riviera Maritime Media / Ocean Economist · Jul 8, 2026
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US natural gas futures sway as market sizes up storage surplus, LNG hits and tropical storm fallout
The August New York Mercantile Exchange gas futures contract was up a penny to $2.926/MMBtu on July 24. Robust heat across vast stretches of the central, southern, and western United States supported demand, though reprieves in some regions and a prolonged maintenance event at Freeport LNG tempered overall consumption.
Natural Gas Intelligence · Jul 24, 2026
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S&P 500 drifts higher as economic data points to solid expansion
Stocks drifted on Wall Street, with the S&P 500 rising less than 0.1% on Friday, July 24. Strong economic data, including rising Purchasing Managers' Indexes and a sharp drop in weekly jobless claims, pointed to an economy still expanding at a solid pace, despite higher oil prices weighing modestly on equities.
kvue.com / Chandler Asset Management · Jul 24, 2026
